Square Does Not Plan to Buy Bitcoin (BTC) Again • Coinexc

Amrita Ahuja, chief investment officer for payments firm Square, told Financial News that there are no plans to buy more Bitcoin (BTC).

“We currently do not have any plans to make another purchase. At this point, there is no plan to evaluate where we are in terms of the treasury. “

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Square reported a $ 20 million loss in Bitcoin investments in early May. However, Square has made significant gains from Bitcoin investments in the overall template.

Jack Dorsey’s company bought $ 50 million worth of Bitcoin in October. The company made a $ 170 million acquisition again in February.

Green Energy Should Be Encouraged

Ahuja also claims that Bitcoin’s carbon footprint should be taken into account, encouraging greater adoption of green energy.

Bitcoin’s carbon footprint issue came after Tesla’s announcement. The company announced that they suspended receiving payments with assets due to Bitcoin’s environmental damage.

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